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Tata Global directors move another resolution to oust Mistry

Mistry had termed the voting in the Nov 15 board meeting as 'illegal', as no prior notice for his removal was given and the resolution was not on the agenda

Dev Chatterjee  |  Mumbai 

Tata Global Beverages has initiated a second legal process to oust Cyrus Mistry as chairman, by moving a circular resolution among its board of directors.  Dated November 25, it is being initiated “for abundant caution”, within days of TGB formally removing Mistry as chairman by voting – seven of the 10 directors had voted against Mistry. He continues to remain on the board as a director. In the same board meeting, another director and a Tata loyalist, Harish Bhat, was appointed chairman.  Mistry had termed the voting in the November 15 ...


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First Published: Mon, November 28 2016. 00:47 IST